YeKoochie: Austria to audit gold reserves at the Bank of England
Austria is planning to send auditors to the Bank of England in order to verify the existence of Austrias gold reserves stored in British vaults. Goldreporter.de
The Austrian accountability office will sent a delegation to London in order to check on Austrias gold reserves stored in vaults at the Bank of England. This is reported by Austrian magazine Trend. The measure is seen as a consequence of growing public pressure. There is a rising disbelief among Austrians about the existence of the gold.
“I acknowledge the request. Any grocery store is obliged to do inventory once a year. It is the only way of getting rid of these unreasonable allegations”, Ewald Nowotny, Governor of the National Bank of Austria tells Trend.
Austria officially owns 280 tonnes of gold of which 17 percent are kept in vaults inside the country. Around 150 tonnes are estimated to be stored in London.
Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article!
Posted by EXOGEN on May 27, 2014 at 7:54am Tuesday, May 27, 2014
Sent: 5/26/2014 10:43:00 P.M. Eastern Daylight Time
Subj: Charleston Voice: Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article!
REUTERS: Three former U.S.-based Barclays traders appear in UK court (ILLEGAL CURRENCY MANIPULATION)
Posted by EXOGEN on May 27, 2014 at 8:00am
Three former U.S.-based Barclays traders appear in UK court
BY KIRSTIN RIDLEY LONDON Tue May 27, 2014 7:49am EDT
(Reuters) - Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates.
The Serious Fraud Office (SFO) alleges that Jay Merchant, 43, a director of dollar fixed-income swaps, and interest rate derivative traders Alex Pabon and Ryan Reich, aged 35 and 32 respectively, conspired together and with others to defraud Barclays and its entities between 2005 and 2007.
The men, who spoke only to confirm their names and dates of birth, were ordered to appear before a higher Crown Court on Thursday.
Lawyers for Reich and Merchant have said their clients deny any allegations of wrongdoing. Pabon's lawyer declined comment.
British and U.S. prosecutors have charged 16 individuals to date in connection with the investigation into alleged rigging of benchmarks such as Libor (or London interbank offered rate), against which around $450 trillion of financial contracts from derivatives to credit card loans are priced worldwide.
U.S. and European regulators have meanwhile fined 10 banks and brokerages - including JPMorgan, UBS, Deutsche Bank, Royal Bank of Scotland and ICAP - more than $6 billion over their alleged role in a scandal that has undermined faith in the financial industry.
NO EXTRADITION NEEDED
Merchant, Pabon and Reich voluntarily attended London's Westminster Magistrates' Court without the need for the SFO to start extradition proceedings and have been allowed to remain resident in the United States under their bail conditions.
But they each have to pay a 50,000 pound ($84,200) security to the court, which they will forfeit if they fail to appear for hearings. The next hearing has been scheduled at London's Southwark Crown Court.
The SFO has charged six former Barclays staff to date over the alleged scam, after in February charging three former London-based Barclays Libor submitters - Peter Johnson, Jonathan Mathew and Stylianos Contogoulas.
The investigation into benchmark interest rates has lately been partly overshadowed by a parallel global inquiry into allegations of foreign-exchange market rigging, which has led to around 35 people globally being suspended, placed on leave or fired.
However, the inquiry into alleged fixing of Libor and related Euribor rates has been gathering steam. British and U.S. watchdogs fined brokerage RP Martin $2.3 million two weeks ago to settle claims its staff helped manipulate Libor, and in March the SFO charged three former ICAP brokers.
Barclays was the first bank to settle U.S. and UK regulatory allegations of rate manipulation, paying around $450 million in fines in 2012. Regulators admitted privately they were taken aback by an ensuing public and political backlash, which forced out four top Barclays directors including Chief Executive Bob Diamond, sparked a fraud squad probe and several parliamentary reviews.
The British bank was last week fined another 26 million pounds for failing to prevent a trader from allegedly manipulating gold prices.
Posted by John MacHaffie:
Stage2Omega: CME Traders on High Alert
Stage2Omega: PER CONVERSATION WITH CME CONTACT TRADERS ARE NOW ON HIGH ALERT LOOKING FOR EM ADJUSTMENTS TO TAKE PLACE & G.C.R. AT ANY MINUTE AS OF RIGHT NOW.
Note from Dinars.me: Is the GCR (Global Currency Reset) for real or is it just something made up in a dinar forum? For those who haven’t seen this video yet, here are analysts on Bloomberg discussing the possibility of a global currency reset scenario.
Topic: “No one is useless in this world who lightens the burdens of another.” Charles Dickens
[oilerfan] 5/26/2014 Frank26 Lets just say that the present state of our investment has me dancing to a Top Ten Hit...Fleetwood Mac...Don't Stop thinking about Tomorrow...
DLR :this is in response to FRANKS POST other thread...............Fleetwood Mac .......... Don't Stop thinking about Tomorrow ........ La La la la .......... KTFA,.
MY COUNTER SONG by the KING...................THIS is done in the spirit of fun........................
TOMORROW NEVER COMES
Sager: My counter song to your song is: DONT WORRY, BE HAPPY
Sager » May 27th, 2014, 12:33 am
Announcement on CBI Arabic Side:
May 22, 2014:
"To / company across continents to transform the financial (Cancel vacation)"
Waiting3: What does this mean???
The CBIIs sanctioning a currency exchange shop
For continuing of violations that is not addressed or fixed
To put it simply they are withdrawing a dealer license to practice
jdtolle » May 27th, 2014, Fresh perspective
This is a new, unique day. So don’t live it like an old one.
You have the opportunity today to learn, to grow, to achieve and to experience new things. To do so, you must exercise the courage to let go of some old, comfortable, predictable things.
Give your life some fresh, new energy today. Choose to step beyond what’s familiar and open yourself to new possibilities.
It’s easy to stay firmly and comfortably situated in your same old, habitual rut. However, it’s much more energizing and fulfilling to shake things up a bit.
Instead of listening only to those people you know you’ll agree with, consider the opinions and perspectives of those with whom you disagree. Rather than going only where you’ve already been and doing only what you’ve already done, put yourself where you can see life from a fresh perspective.